One of the important statements in financial statement analysis is the balance sheet. The balance sheet shows your assets, what you own; your liabilities, what you owe; and your owner’s equity, yours and other investor’s investment in the small business firm. Below is a line by line discussion of the items on a sample balance [...]

Without analyzing financial data from your small business firm, you, as the owner, would be flying blind. Even if the financial end of things is not your favorite part of your business and you intend to outsource as much of it as possible, you still have to understand it. Why? Because you have to understand [...]